NSE ROUND-UP: Marginal rise of the bourse in a week of mixed fortunes

The Nigerian bourse recorded some positive performances across its key market indices this week.

The All Share Index (ASI) rose marginally by 0.04% to 27,002.15 basis points from the 26,991.42 recorded last week. Market Capitalisation equally responded to the positive trend, rising also by the same margin from the N13.027 posted last week to close at N13.033 trillion.

This week, Trade Volume of 1.161 billion shares worth N13.174 billion was reported in 18,142 deals, a modest fall from the 1.416 billion shares valued at N17.249 billion posted in 20,303 deals last week.

On the Activity Chart, the Financial Services sector was the most active with 801.229 million shares estimated at N6.219 billion traded in 10, 415 transactions. By implication, it contributed 68.98% and 47.20% to the total equity turnover volume and value respectively. Next was the Conglomerate sector, which saw 139.940 million shares worth N585.927 million exchange hands in 943 deals. The Consumer Goods sector traded 84.546 million shares priced at N3.445 billion in 2,674 deals.

Regarding Index Movement, all indices depreciated save for the NSE Main Board, NSE-AFR Div Yield, NSE Meri Growth, NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods. They grew by 1.83%, 2.21%, 1.81%, 4.69%, 2.72% and 0.35% respectively. However, the NSE ASeM Index closed flat.

MAJOR DEVELOPMENTS

The price of Nestle Nigeria Plc was adjusted for the payment of N25 dividend payout. Continental Reinsurance informed the exchange of suspension on the trading of its shares. The suspension to prevent further trading in the company’s shares towards a Scheme of Arrangement by which Continental Reinsurance African Investments Limited will acquire all the shares of Continental Reinsurance.

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